Publication
Fiscal Monitor January 2019
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From: Department of Finance; Department of Public Expenditure, Infrastructure, Public Service Reform and Digitalisation
- Published on: 4 February 2019
- Last updated on: 22 February 2019
- An Exchequer surplus of €1,643 million was recorded In January 2019. This compares to a surplus of €1,529 million in the same period last year. The €114 million year-on-year improvement in the Exchequer surplus is primarily due to increased tax revenues and non-tax revenues, which to some extent is offset by increases in voted and non-voted expenditure.
- Tax revenues of €5,370 million were collected in January 2019, an increase of 7.0% or €351 million on January 2018. This year-on-year improvement was driven by strong performances in VAT and income tax in particular.
- Overall, total net voted expenditure to end-January 2019, at €4,215 million, was up €255 million or 6.5% in year-on-year terms.
- Combined receipts from non-tax revenue and capital receipts of €1,080 million were up 9.1% (€90 million) year-on-year.
- Non-voted expenditure was up year-on-year by 13.6% or €71 million. This is mainly due to a timing issue associated with funds called up by the EU budget.
